What makes you stand out in the crowd as a PMP® certified professional? PMP® Certification is considered worldwide as the gold standard for project management certification. One needs to do a lot of hard work in order to acquire one, which includes specialized formal training and several thousand hours of practical experience in order to pass a rigorous certification exam.
This entire process helps to validate your project management skills as well as, it ensures that you have the knowledge of the highest standard that makes you apt for the role of Project Manager. Once you get PMP® certified, you need to maintain it by earning PDUs, as your PMP® certification is only valid for 3 years. Now, how does all this hard work benefit you?
Got PMP® certified? Then it’s time for you to reap the benefits out of your PMP® Certification.
PMP® certification is an unbiased endorsement of your professional experience and project management knowledge at a global level. Having this certification under your belt exposes you to benefits like high market value, increased credibility, and most often, a higher pay.
But is it worth getting a PMP® certification? This is the most common question that arises in your mind when you prepare yourself for a costly and complicated journey to get PMP® certified. The following benefits will surely help you to find the answer to your quest:
You can add more value to your profile by adding a PMP® certification to your resume. Employers hiring Project Managers prefer PMP® certified professionals over non-certified professionals.
PMI (Project Management Institute) has set certain standards in regards to applying for the PMP exam. You need to acquire a certain amount of experience in directing and leading projects. Also, PMI has an audit process to ensure that you are truthful about your project history.
The PMI chapters frequently organise meetings and workshops where project management professionals come together to learn the theories related to project management. These events also help you to earn PDUs which are valuable for renewing your PMP® certification when it expires in three years.
These events expose you to discussions regarding fresh career opportunities from members who appreciate the importance of PMP® certification.
As a PMP® certified professional, you spent your effort and time to attain your PMP® certification. This clearly shows your commitment to project management.
You need to undergo rigorous training in order to get PMP® certified. This also includes a significant amount of coursework. You get the opportunity to get trained and educated in five project management processes which include initiating, planning, implementing, controlling, and monitoring.
To be precise, PMP® certification teaches you each and everything about project management which you can implement in your company for better project execution.
You tend to earn more as a PMP® certified project managers than the non-certified ones. You can increase your salary as a PMP® certified professional and expect an immediate hike as soon as you get PMP® certified. Surveys show that PMP® certified project managers earn 20% more than the non-certified project managers. Further, PMP® certified professionals have the capability to earn a six-figure income.
There are numerous benefits of PMP® certification apart from the above-mentioned ones. Whatever field you belong to; finance, commerce, telecom, research, business, or technology, a PMP® credential will upskill your project managerial skills and allow you to step to new markets, new industries, and new countries.
Although, you might feel demotivated for taking up the lengthy exam process and course fee, your money, time, and effort is worth as it returns you the benefit beyond you can imagine.
If you are someone who’s passionate about Project Management and working in the project management field then you should definitely begin your journey for PMP® certification. It is a well renowned and respected certification with an excellent scope. It is mandatory in many organisations for a Project Manager to hold a PMP® or an equivalent certification.
Once you are PMP® certified, you begin to progress both in terms of career and salary. According to PMI’s Salary Survey 9th edition, the salary of professionals with PMP® certification is 20% more on average than their non-certified counterparts. You need to fulfill the following requirements to appear for your PMP® certification exam:
Requiters looking for project managers divide the resumes into two piles: those with PMP® certification and those without. The following points will help you to understand why a PMP® certified professional is desired by the employers:
According to Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program, ‘Highly regulated industries (e.g., financial services, pharmaceuticals, defense, and aerospace) wouldn’t consider anyone without the PMP® certification’.
If you are working in a company who has bid on a government project then you are likely to encounter a requirement for PMP® certification. But this requirement is not limited to government entities. The business approach for certain types of firms requires adherence to strictly-defined processes for which PMP is a must.
As a project manager, you are likely to spend the majority of time communicating with your team members who might differ from project to project. Therefore, your ability to speak the common business language ensures that you are on the same page with your team members, program manager, sponsor, etc.
Although you can’t be sure that you will eliminate all kinds of possible miscommunications by having a team full of PMPs, this will surely reduce the chances of such scenarios as the entire team will have the common understanding of what each process and technique seeks to achieve.
The project management experts around the world use a set of repeatable and standardized processes to tackle the value of every unique process. PMI addressed the increased need for standardization of processes in its 2013 Pulse of the Profession™ Study.
The tools, processes, and documents endorsed by PMI enable you to confidently and effectively manage the risk in any project. Moreover, you can ensure that the partner organisation and your team members are on the same page in regards to the management approach and risk identification.
Adding a PMP® certification to your profile automatically opens up many beneficial doors for you as well as your employer. PMP® certified professionals are the leaders of some of the world’s top projects in renowned organisations. If you are imagining that how can a PMP® certification benefit your organisation, then these are the various benefits which your organisation can reap out of your PMP® certification:
PMI earned the ISO/IEC 17024 accreditation in the year 2007 for PMP® certification program. Since then, PMP® certification is an internationally recognised qualification which has the credibility in more than 85 countries which have endorsed and adopted ISO standardization practices.
This clearly means that it is a certification recognized by the global community for its value and standardize the experience and qualification which a non-certified individual doesn’t hold. Once you get PMP® certified, you become a valuable commodity for your organisation if it intends to have a strong global presence and influence.
Once you are PMP® certified, you start adding more value and a great benefit to your organisation. You are looked upon as a person who truly knows what he or she is doing.
Your PMP® certification proves to be beneficial for your company in the following ways:
According to PMI, organisations are formulating their visions by integrating project management into it to create a healthy business culture.
It further acknowledges that the most effective organisations recognize the need for a formal program and project management in their initiatives to change the business. The following factors play a pivotal role in an organisation while creating a culture that embraces project management and increases the business value:
PMI’s research shows that the skills demonstrated by PMP® certified project manager contribute towards the preparedness of a business or company for the market and environment change.
As we have discussed all the benefits that your PMP® certification can bring to you and your organisation, we can sum it up as; PMP® certification improves your opportunities and skill set at the individual level and helps to manage the challenges and risks at an organisation level. It adds all the skills and knowledge which you need to expertly handle projects and teams in a variety of industries.
So, if you want to get a PMP® certification and still worried about if it would help you then you should keep aside your worries and get onboard for an opportunity to give your career a new direction by getting PMP® certified.
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